CANWEL BUILDING MATERIALS GROUP (CWX) Stocks
ABOUT CANWEL BUILDING MATERIALS GROUP
Canwel Building Materials Group Limited distributes a wide range of building materials, lumber, and renovation products, and is Canada’s only fully vertically integrated national distributor in the building materials and related products sector.
The company has a history dating back to 1989, and in March 2019, the company added Vancouver-based Lignum Forest Products LLP to its portfolio, as part of its building materials division.
OVERVIEW OF CANWEL BUILDING MATERIALS GROUP
Today, Canwel Building Materials Group Limited is a leading wholesale distributor of building materials and home renovation products and provider of wood pressure treating services in Canada, and regionally in the Western United States and Hawaii.
Canwel Building Materials Group Limited services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns.
Canwel Building Materials Group Limited’s operations also includes timber ownership and management of private timberlands and Crown forest licenses, full-service logging and trucking operations, and post-peeling and pressure treating for the agricultural market through CanWel Fibre Corp.
In 2017 the company acquired the Honsador Building Products group of companies, with an incumbent position in the State of Hawaii, further expanding the its presence in the US building distribution and treating markets.
In 2018, the company continued with its expansion and growth plans, completing the purchase of a partially constructed lumber pressure treating plant near Portland, Oregon on June 12, 2018 and a lumber pressure treating plant in Woodland, California on December 3, 2018.
VISION AND VALUES OF CANWEL BUILDING MATERIALS GROUP
At the core of the company’s ethos are its values of transparency, accountability, responsibility and teamwork. Added to this, maintaining a customer and supplier-centric approach guides all decisions throughout the organization.
These values ensure that the needs of its customers, suppliers, employees and shareholders are always at the forefront.
Canwel Building Materials Group Limited is committed to earning the right to be the distribution firm of choice by its customers and suppliers, thereby creating value for its shareholders.
MARKET PERFORMANCE OF CANWEL BUILDING MATERIALS GROUP
Canwel Building Materials Group Limited trades on the Toronto Stock Exchange (TSX), where investors can buy shares under the stock symbol -CWX.
Data from the company’s 2019 financial analysis shows that sales for the three month period ended September 30, 2019 were US Dollar 373.2 million versus US Dollar 350.2 million in the comparative period in 2018, representing an increase of US Dollar 23.0 million or 6.6%.
Gross margin dollars increased to US Dollar 52.3 million in the three-month period versus US Dollar 50.8 million in the comparative quarter of 2018, an increase of US Dollar 1.5 million or 3.0%
For the three month period ended September 30, 2019, EBITDA was US Dollar 25.0 million and Adjusted EBITDA was US Dollar 25.3 million, consistent with the comparative quarter of 2018. Current quarter EBITDA and Adjusted EBITDA were positively impacted by the adoption of IFRS 16, in the amount of US Dollar 5.1 million.
Excluding the impact of IFRS 16 adoption, Adjusted EBITDA increased by US Dollar 113,000 or 0.6%, consistent with the comparative quarter of 2018.
Canwel Building Materials Group Limited’s steady growth performance has secured a rising share price for investors with strong long-term growth in dividends, providing a solid buy-in for those who choose to purchase shares today.
Buy CANWEL BUILDING MATERIALS GROUP stocks / shares – A Step by Step Guide how to Buy / Purchase CANWEL BUILDING MATERIALS GROUP Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy CANWEL BUILDING MATERIALS GROUP Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CANWEL BUILDING MATERIALS GROUP STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE CANWEL BUILDING MATERIALS GROUP STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CANWEL BUILDING MATERIALS GROUP stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy CANWEL BUILDING MATERIALS GROUP stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?